Transactions: Meridian acquires value-add MOB
Sonoma County, Calif., building provides ‘rare” opportunity for medical tenants By John B. Mugford San Ramon, Calif.-based Meridian Property Co., a commercial real estate firm that focuses mostly on healthcare, recently closed escrow on the purchase of a value-add, 69,000 square foot MOB in Rohnert Park, Calif., about 50 miles north of San Francisco […]
Transactions: Griffin-American REIT II acquires MOB in Carson City, NV for $19.5M or $264 PSF
CARSON CITY, Nev. – With the largest hospital in the area as a major tenant, the off-campus, outpatient Eagle Medical Center in Carson City is a major medical destination on one of the city’s most-traveled thoroughfares. Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired the 73,975 square foot MOB at 2874 N. Carson St., […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Outpatient Projects: NexCore completes NorthBay MOB
Health plaza to be first of multiple outpatient facilities on Fairfield, Calif., campus By Murray W. Wolf NexCore Group LP recently completed the $20 million, two-story, 35,600 square foot Green Valley Health Plaza in Fairfield, Calif., for NorthBay Healthcare. The Denver-based healthcare real estate (HRE) developer says that the project at 4520 Business Center Drive […]
Outpatient Projects: More Outpatient Projects
HSA PrimeCare announced in March that it has completed the 15,200 square foot Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a northern Chicago suburb. The tenant, Hawthorn Surgery Center, selected HSA PrimeCare as its development partner in 2012. HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real […]
Outpatient Projects: MOB project underway at former aircraft manufacturing campus in Long Beach, Calif.
LONG BEACH, Calif. – Urbana Development LLC has started construction of the $30 million, two-building, 90,000 square foot Douglas Park Medical Office Park near Long Beach Airport. Urbana, which is affiliated with Long Beach-based JR van Dijs Inc., a local construction and real estate development firm, says 65,000 square feet of the total square footage […]
Outpatient Projects: Kaiser unveils outpatient facilities
Provider completes Colorado and California centers; starts process for another By Murray W. Wolf Healthcare giant Kaiser Permanente recently opened new outpatient facilities in Lone Tree, Colo., and Oceanside, Calif., and started the approval process for another facility in Murrieta, Calif. The new 275,000 square foot Lone Tree Multi-Specialty Center in Lone Tree, a south […]
Outpatient Projects: Third-party MOB might fuel building of new facilities for Appalachian State U.
BOONE, N.C. – When officials of Appalachian State University (ASU) last year began exploring ways to use private funding to help underwrite the cost of a new academic building for their growing College of Health Sciences and Allied Professions, they considered student housing, retail and commercial offices. But it now appears that the public-private partnership […]
Inpatient Projects: $400M UF Shands plan moves ahead
System taps Skanska USA Building for $225 million of pre-construction services By Connie M. McCaffrey The planned $400 million, 521,000 square foot addition to the University of Florida (UF) Shands Cardiovascular Neuroscience Hospital in Gainesville, Fla., took a big step toward reality recently. Skanska USA Building announced April 7 that it has signed a contract […]
Inpatient Projects: More Inpatient Projects
Tribal leaders from the Eastern Band of Cherokee Indians recently broke ground on a 150,000 square foot, $75 million Cherokee Indian Hospital in Cherokee, N.C. The hospital, which is expected to be completed in early 2016, will include 20 inpatient beds, integrated care outpatient services, lab, pharmacy, complementary therapies, physical therapy and other services.
Inpatient Projects: Akron Children’s Hospital expansion two weeks ahead of schedule
AKRON, Ohio – CBRE Healthcare, a commercial real estate services and investment firm, and Akron Children’s Hospital recently held a topping out ceremony for a seven-story, 368,735 square foot expansion of the campus, near Locust and Exchange Streets in Akron. Hospital officials said in a news release that despite inclement winter weather, the $200 million […]
Inpatient Projects: Construction of Sanford’s huge new North Dakota hospital is on time, on budget
FARGO, N.D. – Officials of Sanford Fargo Medical Center say construction on the seventh largest hospital project now underway in the country is still on time and on budget. The hospital also is one of the top 10 healthcare projects in the United States and one of the largest non-industrial construction projects in North and […]
Inpatient Projects: Baylor Health Care System hospital almost complete, will open on schedule
WAXAHACHIE, Texas – Officials from Baylor Health Care System recently hosted a tour of the Baylor Scott and White Medical Center in Waxahachie to let the public see the progress on the hospital’s construction. The $175.5 million, 299,000 square foot facility is about 60 percent complete and is on track to open this December.
Post-Acute & Senior Living: RBS Citizens Financial leads $97 million financing for Fellowship Senior Living
BASKING RIDGE, N.J. – RBS Citizens Financial Group, one of the 15 largest commercial banking companies in the country, has been selected to lead a $97 million financing for Fellowship Senior Living in Basking Ridge. The transaction will enable the CCRC to expand and renovate its facility as well as refinance its existing bonds to […]
Industry Pulse: MOB demand unlikely to decrease anytime soon
Medical is attracting investors of all stripes. At the recent InterFace Healthcare Real Estate West 2014 conference in Los Angeles, an experienced panel of healthcare real estate professionals talked about how the pool of would-be medical office building (MOB) buyers continues to expand, with more and more funds, private investors, institutions and others entering the […]
